Aug 20 (Reuters) - European shares were subdued on Tuesday as investors refrained from placing massive bets ahead of key data from the euro zone, while energy stocks were the biggest laggards following a drop in global oil prices.

The pan-European STOXX 600 index (.STOXX) , opens new tab held its ground at 514.87 points, as of 0710 GMT, after touching a three-week high in the previous session.

The oil and gas sector (.SXEP) , opens new tab was the biggest loser in the benchmark index, dropping nearly 1%, as crude prices edged lower on easing geopolitical risks and weak demand from China.

Technology stocks (.SX8P) , opens new tab gained 0.6%, led by a 1.3% jump in heavyweight ASML Holdings (ASML.AS) , opens new tab.

On investor radar is euro zone's consumer price data that is scheduled to drop at 0900 GMT.

German producer prices decreased 0.8% on the year in July, in line with forecasts. The German benchmark DAX (.GDAXI) , opens new tab ticked 0.2% higher.

The Swedish benchmark (.OMXSPI) , opens new tab was flat ahead of its central bank rate decision at 0730 GMT.

Among individual stock moves, Jyske Bank (JYSK.CO) , opens new tab gained 2.1% after the Danish bank reported its first-half results.

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https://www.reuters.com/markets/europe/european-shares-flat-traders-brace-key-euro-zone-data-2024-08-20/